Question

Compare and Contrast Asian and European silver trade. Which benefited from the silver trade more and why?

Answer 1

Answer:

The trade of silver between Asian and Europe began in the 16th century and was stretched till the 18th century. According to many scholars of the time, this silver trade marked the beginning of a global economy.

China was the Asian country most involved in this trade and was most benefited as most of the silver ended up in their hands in the end because they accepted silver as a currency. Therefore, we can say that Asia was more benefited from silver with Europe.